Eagle Materials Announces Pricing of $350 Million of 4.500% Senior Notes Due 2026

DALLAS--(BUSINESS WIRE)--
Eagle Materials Inc. (NYSE: EXP) announced today that it has priced $350
million aggregate principal amount of senior unsecured notes due 2026
(the "Notes"). The notes will bear interest at 4.500% per year. The
Notes will initially be guaranteed by each of Eagle's majority-owned
subsidiaries. The offering is expected to close on August 2, 2016,
subject to customary closing conditions.

The Notes will be issued pursuant to an effective shelf registration
statement filed with the Securities and Exchange Commission ("SEC") on
Form S-3, as amended. The offering is being made only by means of a
prospectus supplement and accompanying prospectus. You may obtain these
documents for free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, copies may also be obtained from:

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the Notes, nor shall there be any sale
of the Notes, in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.

This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934 and the Private Securities Litigation
Reform Act of 1995. Forward-looking statements may be identified by the
context of the statement and generally arise when the Company is
discussing its beliefs, estimates or expectations. These statements are
not historical facts or guarantees of future performance but instead
represent only the Company's belief at the time the statements were made
regarding future events which are subject to certain risks,
uncertainties and other factors many of which are outside the Company's
control. Actual results and outcomes may differ materially from what is
expressed or forecast in such forward-looking statements. The principal
risks and uncertainties that may affect the Company's actual performance
include the following: the cyclical and seasonal nature of the Company's
business; public infrastructure expenditures; adverse weather
conditions; the fact that our products are commodities and that prices
for our products are subject to material fluctuation due to market
conditions and other factors beyond our control; availability of raw
materials; changes in energy costs including, without limitation,
natural gas, coal and oil; changes in the cost and availability of
transportation; unexpected operational difficulties, including
unexpected maintenance costs, equipment downtime and interruption of
production; material nonpayment or non-performance by any of our key
customers; fluctuations in activity in the oil and gas industry,
including the level of fracturing activities and the demand for frac
sand; inability to timely execute announced capacity expansions;
difficulties and delays in the development of new business lines;
governmental regulation and changes in governmental and public policy
(including, without limitation, climate change regulation); possible
outcomes of pending or future litigation or arbitration proceedings;
changes in economic conditions specific to any one or more of the
Company's markets; competition; a cyber-attack or data security breach;
announced increases in capacity in the gypsum wallboard and cement
industries; changes in the demand for residential housing construction
or commercial construction; risks related to pursuit of acquisitions,
joint ventures and other transactions; the impact of our bylaws forum
selection clause on stockholder disputes; general economic conditions;
and interest rates. For example, increases in interest rates, decreases
in demand for construction materials or increases in the cost of energy
(including, without limitation, natural gas, coal and oil) could affect
the revenues and operating earnings of our operations. In addition,
changes in national or regional economic conditions and levels of
infrastructure and construction spending could also adversely affect the
Company's result of operations. These and other factors are described in
the Company's Annual Report on Form 10-K for the fiscal year ended
March 31, 2016 and in the prospectus supplement related to the offering,
each of which is filed with the SEC.All forward-looking
statements made herein are made as of the date hereof, and the risk that
actual results will differ materially from expectations expressed herein
will increase with the passage of time. The Company undertakes no duty
to update any forward-looking statement to reflect future events or
changes in the Company's expectations.